IC Electricals Company IPO
IC Electricals Company is an NSE SME IPO listed on the NSE SME platform, priced at ₹94–₹99 per share. The stock debuted at ₹166, delivering a listing gain of 67.7%. The IPO had a lot size of ₹1200 shares and a minimum investment of ₹2,37,600.
IC Electricals Company Limited IPO
- IPO Dates
- Jul 3, 2026 – Jul 7, 2026
- Price band
- ₹94-99 per equity share
- Minimum Investment
- ₹2,37,600
- Issue size
- ₹47.91 Cr
- Lot size
- 1200
- Allotment Date
- Jul 8, 2026
- Listing
- Jul 10, 2026
- Listing At
- NSE SME
IPO timeline
-
Jul 3, 2026
Open Date
Completed
-
Jul 7, 2026
Close Date
Completed
-
Jul 8, 2026
Allotment Date
Completed
-
Jul 10, 2026
Listing Date
Completed
Unofficial pre-listing indicator
IC Electricals Company IPO Final GMP Before Listing: ₹38
IC Electricals Company IPO's final recorded GMP before listing was ₹38 per share (a 38% premium over the ₹99 upper price band). The shares listed at ₹166. GMP is unofficial and does not forecast or guarantee the actual listing price.
- Final GMP
- ₹38
- GMP percentage
- 38%
- Upper price band
- ₹99
- Listing price
- ₹166
During the recorded period, IC Electricals Company IPO GMP ranged from ₹10 to ₹38.
IC Electricals Company IPO GMP trend (day-wise) 27 observations
| Date & time | GMP | Change | GMP % | Indicative price |
|---|---|---|---|---|
| ₹38 | ₹0 | 38% | ₹137 | |
| ₹38 | +₹4 | 38% | ₹137 | |
| ₹34 | ₹0 | 34% | ₹133 | |
| ₹34 | ₹0 | 34% | ₹133 | |
| ₹34 | +₹1 | 34% | ₹133 | |
| ₹33 | +₹3 | 33% | ₹132 | |
| ₹30 | −₹2 | 30% | ₹129 | |
| ₹32 | ₹0 | 32% | ₹131 | |
| ₹32 | −₹1 | 32% | ₹131 | |
| ₹33 | −₹5 | 33% | ₹132 |
IC Electricals Company IPO Subscription Details
View Subscription DetailsIC Electricals Company IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.
Last updated:IC Electricals Company IPO Essentials
IC Electricals Company IPO Details
IC Electricals Company IPO is priced at ₹94-99 per share with a total issue size of 47.91 crore. The IPO has a lot size of 1200 shares and is listed on NSE SME.
- Issue price
- ₹94-99 per equity share
- Lot size
- 1200 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 48,39,600 shares(agg. up to ₹47.91 Cr)
- Total issue size
- 48,39,600 shares
(aggregating up to ₹47.91 crore) - Fresh issue
- 48,39,600 shares
(aggregating up to ₹47.91 crore) - Listing at
- NSE SME
- List price
- 166.0
- Listing date
- Registrar
- Skyline Financial Services Pvt.Ltd.
- Lead manager
-
NEXGEN Financial Solutions Pvt.Ltd.
Market Lot Size
Investors can bid for a minimum of 2,400 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Individual (min) | 2 | 2,400 | ₹2,37,600 |
| Individual(max) | 2 | 2,400 | ₹2,37,600 |
| sHNI(min) | 3 | 3,600 | ₹3,56,400 |
| sHNI(max) | 8 | 9,600 | ₹9,50,400 |
| bHNI(min) | 9 | 10,800 | ₹10,69,200 |
IC Electricals Company IPO Reservation
IC Electricals Company IPO reservation details show category-wise allocation of shares. Out of the total 4839600 shares, approximately 18.97% are reserved for QIB, 14.24% for NII, 33.33% for retail investors, 5.01% for market maker, and 28.27% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 1368000 (28.27%) | |
| Market Maker Shares Offered | 242400 (5.01%) | |
| QIB Shares Offered | 918000 (18.97%) | |
| NII (HNI) Shares Offered | 698400 (14.24%) | |
| bHNI > ₹10L | 464400 (9.39%) | 129 |
| sHNI < ₹10L | 234000 (4.85%) | 65 |
| Individual Shares Offered | 1612800 (33.33%) | 672 |
| Total Shares Offered | 4839600 (100%) |
IC Electricals Company IPO Analytics
IC Electricals Company IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
IC Electricals Company IPO Subscription Status
IC Electricals Company IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO is currently subscribed 420.16x, indicating strong demand across investor categories.
| As on | QIB |
NII
bHNI
sHNI
|
Individual | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 9,18,000 |
6,98,400
4,64,400
2,34,000
|
16,12,800 | 32,29,200 |
|
Day 1
03-07-26 05:00 PM
|
0.11 x |
9.91x
10.51x
8.72x
|
9.90 x | 7.12 x |
|
Day 2
06-07-26 05:00 PM
|
3.12 x |
91.68x
99.49x
76.18x
|
92.41 x | 66.87 x |
|
Day 3
07-07-26 05:00 PM
|
241.75 x |
764.72x
937.22x
422.38x
|
372.50 x | 420.16 x |
|
Total No. of Applications
|
bHNI | sHNI | Individual |
|---|---|---|---|
| 3,13,006 (Approx) | 296.49x | 373.69x | 372.5x |
IC Electricals Company Valuations
Earnings
- EPS Pre IPO
- ₹10.50/-
- EPS Post IPO
- ₹7.72/-
- P/E Pre IPO
- 9.42
- P/E Post IPO
- 12.82
Returns
- ROE
- 23.88%
- ROCE
- 18.18%
- RoNW
- 23.88%
- PAT Margin
- 9.84%
Fundamentals
- Debt / Equity
- 1.13
- Price / Book
- 2.02
- Market Cap
- ₹180.79 Cr.
IC Electricals Company Financials( In Crs.)
| 31-Mar-26 | 31-Mar-25 | 31-Mar-24 | |
|---|---|---|---|
| Assets | 193.44 | 160.04 | 143.89 |
| Revenue | 143.81 | 122.39 | 99.75 |
| Profit After Tax | 14.10 | 9.41 | 4.62 |
| Net Worth | 65.74 | 51.71 | 33.22 |
| Reserves & Surplus | 50.20 | 36.12 | 27.11 |
IC Electricals Company Company & Offer Insights
About IC Electricals Company
Incorporated in 2005, IC Electricals Company Limited provides products and services relating to manufacture of electronic equipment and engineering services for railway use.
Some of the products manufactured by the company include regulators, battery chargers, emergency lights, inverters, microprocessor control units, and vigilance control devices, all conforming to current technological standards.
In addition, the company produces vital railway components, including alternators, traction motors, and permanent magnet alternators along with controllers. IC Electricals also handles complete railway electrification projects including designing, supplying, erection, testing, and commissioning of 25 kV AC overhead lines and traction substations.
The company works largely in the Business to Government (B2G) format dealing with government departments and ministries, especially the Ministry of Railways. Some of the major products produced by the company include Electronic Rectifier-cum-Regulating Units (ERRU), Vigilance Control Devices (VCD), Regulated Battery Chargers, and GPS based Passenger Announcement & Passenger Information Systems (PAPIS).
Some of the railway electrification projects undertaken by IC Electricals include Gorakhpur-Kaptanganj-Valmiki Nagar Railway section under the North Eastern Railway and Ara-Sasaram Railway section under the East Central Railway.
As of May 31, 2026, the company employs 288 permanent staff members.
IC Electricals Company Promoter(s)
Mr. Sunil Kumar Verma, Mrs. Renu Verma, M/s SHBD LLP, M/s Safe System India Private Limited are the company's promoters of IC Electricals Company.
IC Electricals Company IPO Issue Objectives
- •
- Funding the working capital requirements of the Company
- •
- General Corporate Purposes
IC Electricals Company IPO - Anchor Investors
IC Electricals Company Limited raised ₹13.54 crore from 5 anchor investors at ₹99 per share on July 2, 2026. Bengal Finance and Investment Pvt Ltd led the allocation at 36.84%, followed by Sageone Flagship Growth OE Fund at 29.47% and Pine Oak Global Fund – Class B at 14.74%.
Contact Information
Contact Details
IC Electricals Company
+91 11 4905 0700
156, DSIDC, Okhla Industrial Area, Phase-I, New Delhi - 110020.
Registrar Contact Details
Skyline Financial Services Private Ltd
02228511022
Frequently Asked Questions
Click any question to reveal the answer
IC Electricals Company IPO is a book-built IPO worth ₹47.91 crore. The price band is ₹94–₹99 per share. The IPO opens on Jul 3, 2026 and closes on Jul 7, 2026. It will be listed on NSE SME Platform. Skyline Financial Services Pvt. Ltd. is the registrar.
The price band of IC Electricals Company IPO is ₹94 to ₹99 per share.
The lot size of IC Electricals Company IPO is 1200 shares.
The minimum investment for IC Electricals Company IPO is approximately ₹2,37,600 based on the upper price band .
IC Electricals Company IPO opens on Jul 3, 2026 and closes on Jul 7, 2026.
The allotment date of IC Electricals Company IPO is Jul 8, 2026.
IC Electricals Company IPO is expected to be listed on Jul 10, 2026, on NSE SME Platform.
IC Electricals Company IPO's final recorded GMP before listing was ₹38 per share (a 38% premium over the ₹99 upper price band). The shares listed at ₹166. GMP is unofficial and does not forecast or guarantee the actual listing price.
IC Electricals Company IPO valuation snapshot: P/E 12.82, EPS ₹7.72/-, P/B 2.02, RoNW 23.88%, and market cap ₹180.79 Cr.
To apply for IC Electricals Company IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of IC Electricals Company IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for IC Electricals Company IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check IC Electricals Company IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the IC Electricals Company IPO allotment status on IPO Ji for quick and easy access.